Stillwater Ionwave #49-2023

Award for Financing Two Fire Trucks for City of Stillwater, OK

This opportunity involves the City of Stillwater, Oklahoma seeking competitive financing for the purchase of two fire trucks, totaling $1,324,179. - Government Buyer: - City of Stillwater, Oklahoma (local government) - Purchasing office contact: John McClenny - Vendors (Financial Institutions): - Bank of Oklahoma (awardee) - Arvest Bank - Exchange Bank (Exchange Bank & Trust Co.) - Welch State Bank - Products/Services Requested: - Financing for two fire trucks (total value: $1,324,179) - Government Equipment Financing Services - Options for direct vendor payment or reimbursement to the City - Five-year term with level payments - No prepayment penalty preferred - Potential for a long-term Master Lease Agreement - Unique/Notable Requirements: - City is tax-exempt - Preference for institutions not on the Oklahoma Treasurer's Restricted Financial Companies list - Selection based primarily on lowest interest rate - No specific fire truck OEMs identified; procurement is for financing only - Place of Performance/Delivery: - City of Stillwater, Oklahoma (government facility)

Description

The City of Stillwater, Oklahoma issued a Request for Proposals (RFP) seeking qualified independent financial institutions to provide competitive financing for the purchase of two fire trucks totaling $1,324,179. The financing arrangement may include direct payment to the vendor or reimbursement to the City, which is tax-exempt. The City is interested in establishing a long-term partnership through a Master Lease Agreement and will select a financial institution primarily based on the lowest interest rate offered. The term of the financing is five years with level payments and no prepayment penalty preferred.

View original listing